You are absolutely correct YC!

The numbers I spat out is what the gold in the ground is worth, if we have to wait 1 year to start mining it (to build a ramp and a mill etc..), and it takes 5-10 years to mine all of it, it wont be worth that amount.

As you mentioned, what is the corect discount rate to use? (10-20% does seem reasonable for a junior that has an Estimate out) What tax rate, 50% seems very high as a corporate tax rate, the numbers I used included royalties already, I'm thinking the corporate tax rate is closer to 15%, especially in La belle province that has many tax credits and is generally friendly to mining.

Maybe we can buy some used equipment from the almost defunct asbestos mine ?

Also while some mines may have estimates at 3g and actually come out with 5g, it could be the oposite too where your estimates are way over and turn out to be much lower.

Can we have a "dual" estimate, that is on Property A we have an area of 3g/ton here and around it is a 1.3g/ton area, so we will start by mining the area at 3g/ton and then we can decide when we get there with current gold prices etc.. if we go for the 1.3g/ton area.

I'm assuming the Estimates will be more of a topographical map then a straight number.